Nomura Holdings Inc. Acquires Shares of 44,832 CBRE Group, Inc. (NYSE:CBRE)

Nomura Holdings Inc. bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 44,832 shares of the financial services provider’s stock, valued at approximately $5,886,000.

Several other hedge funds also recently made changes to their positions in CBRE. SBI Securities Co. Ltd. bought a new stake in CBRE Group in the fourth quarter valued at $25,000. Denver PWM LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth about $29,000. Colonial Trust Co SC lifted its position in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Larson Financial Group LLC boosted its stake in CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 281 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in shares of CBRE Group by 190.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock worth $48,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 494 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. The trade was a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,424 shares of company stock valued at $431,064 over the last ninety days. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CBRE. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley cut their price objective on shares of CBRE Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, UBS Group dropped their price target on shares of CBRE Group from $146.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $149.22.

CBRE Group Trading Up 0.9%

Shares of CBRE stock opened at $130.22 on Friday. The stock has a 50-day simple moving average of $124.31 and a 200 day simple moving average of $132.04. The stock has a market capitalization of $38.82 billion, a P/E ratio of 41.47 and a beta of 1.30. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.